Broken Europe Gives Away Money!

My buddy Don the Bond Trader (Don Bondo) called just after the close Thursday to point out that the European Rocketry Club – better known as the EU – is giving a reported $150-billion or so to Italy to keep them from going Tango Uniform.

Around here, Zeus the Cat, as my familiar pointed out that the EU is no doubt trying to be warm and fuzzy in appearance in order to avoid the ITEXIT fan s from lining up and going English on ‘em.

In yet another stunning show of Continental Arrogance, this departure of the Brits means that the EU will no longer have any use for English as a language of record, so the murky moves of the syphilitic thinking at the core of rotted Europe will become even murkier.

All of which is a good joke on them, though it’s not clear yet. They will no doubt find that dropping the unofficial second language of the world will leave Europe even more dazed, bastardized, invaded, and confused than ever before.

And for those with a keen eye toward the flavor of the times who have worried that Donald Trump’s goal to renegotiate bad trade deals that leave the US screwed most of the time is somehow evidence of America turning inward and insular, have completely missed the implicates of Imploding Europe which we shall henceforth refer to as the I.E.

Off in the background, we see it all as proof out Ure’s Theorem that the G20 central banksters are engaged in global racketeering. The plan seems to be to promote a universal synchronized devaluation of all G20 currencies so that (they hope, but it won’t work) the banksters can simply inflate bloated national debts into insignificance.

Such accounting treachery will no doubt appear to work for a while, but in the end, the US dollar which is worth about 4% of what it was in 1913 in terms of purchasing power, will drive a secular inflation like you’ve never seen before. It’s while the metals are already perking up.

Just a week, or two, before the Federal Reserve’s confessional about the rate of increase of M1 for the three months from March through June is due. That’s presently blowing up M1 at 16.7% and with what I expect will be gleeful money expansion to counter BREXIT, hitting a transient 19% or higher doesn’t seem like a far-fetched notion. But we shall see…

In the meantime, stocks are not going up in APPARENT VALUE so much because of the value of owning American companies, which may be mainly domiciled elsewhere in least cost 3rd world sh*t-holes, so much as when the Fed is passing money out the back door to the banks, that dough has to go somewhere.

So it just takes a bigger pile of paper to buy common stocks.

Separately my consigliore notes that both the US and Russia have scaled back on their overseas shortwave broadcasting. Bad move as he sees it, because there are still places in the world where US Voice of America broadcasts are used to teach English as a Second Language. When we give up our language, we are all the more ready for invasion…but since that’s being orchestrated already….

Most important is we are no longer explaining American-like thinking to the ROW (rest of world). Near as I can figure it, that’s because we are no longer engaged in American-like thinking.

Not sure how long before the majority of income taxes could be renounced on personal religious or ethical ground but seems heading that way. Though for now, there is no religious loophole for taxes. Side bet there will be an end run on that shortly?

Market Pauses

Ure’s truly is doing a little happy-dance with the price of silver now over $19 and possibly headed much higher. Gold too is up a bit. Market futures are about flat.

My expectation is that the markets will act solid today ahead of the long weekend.

The real story here is really two-fold. One, having been caught huddling with Slick, Lynch had to “restore confidence that she’d prosecute.”

But the REAL story is that we all know that there are two kinds of prosecution:

A: Aggressive to make an example of and

B: Half-hearted, half-assed prosecution to ensure the high bidder remains.

So should the prosecution be headed by someone not appointed by President Obama? Hey! Ain’t that obvious to you? The fix is already in, and we know the Clintonistas have this wired, it’s just a matter of how much wool will be used pulled over the eyes of the drugged out masses.

So we shall watch with endless amusement know that the Teflon Lady enjoys 100:1 odds of beating the rap no matter how good the FBI case. Such are the trappings of the aristocracy.

Besides, Hil’s final Trump Card would be a pardon from President Useless after the election, ending any change of a trial or disclosure of high crimes which can’t happen before the lection anyway… See how the fix works?

Paul Ryan, the turncoat former republican who now heads the Obama wing of the former GOP – who should have empaneled a Congressional Probe of Lynch is, instead, working on keeping guns out of the hands of terrorists. But since terrorists don’t much give a shit about laws (which Ryan et al don’t seem to understand) he will, in the end, screw legal gun owners in his rush to try to prop up his Obama wing of the GOP.

If Ryan and Obama both leave office, that’d be fine with me. Otherwise, I support TEXIT.

16 Comments

If TEXIT happens, and we need to know someone already in Texas to be admitted as a citizen, would you consider vouching for your subscribers?;)

Antisthenes on July 2, 2016 at 05:50

who should have empaneled a Congressional Probe

The law on the books (and in a few states) lets citizens approach a Grand Jury with charges. In the 1940s the POLICY was changed to prevent it on a Fed level. Nothing stopping citizens from going straight to the Grand Jury other than “its not a business model” eh?

jimfairless@comcast.net on July 1, 2016 at 17:55

addadicktomy operations for service members? Well now you know there is opportunity for the recycling folks here. You know, take one off over here then just add it on over there. That way you are saving all manner of things from going into the landfills.

On Monday I was “counseled” after I told a particulalry ingnorant DB in a meeting to keep his “dumbass” techs away from my network drops after one tried to stick one of his tools in one and blew half a continents surveillance equipment off line. Then to top it off Wednesday I was asked rather rudely to fly up to NY for an overnight to check the progress on a project nearing completion and to make sure the correct CCTV equipment had been installed. While there I was up on a ladder with my lower half only visible I hear a couple people loudly discussing their effing paychecks being wrong and why the eff is everyone so afraid of the effing company I work for and how we can kiss their effing asses. When I came down the ladder guess who was Capt ef bomb?? Dumbbass Tech who goes around sticking his crap in any datadrop he sees. The place empted out real quick. Search for a new contractor starts Tuesday I bet.

We are truly in the end of times. And I hate travelling to NYC.

George Ure on July 2, 2016 at 05:37

Ah – you have inspired a new business model for me to ponder. With all the TG going around, how about someone opens a dick bank or puss bank? I’m sure the Gomorrah medical board would approve it…

“US dollar which is worth about 4% of what it was in 1913 in terms of purchasing power.”

I never understood how people could ignore this?! I was arguing this issue for >60 years, but folks don’t seem to care regardless of education. Therefore, forget about everything else!!!!!!!!!!

George Ure on July 2, 2016 at 05:33

Thisd is made all the easier by the fact that maintaining the purchasing power of the US dollar is NOT one of the mandates of the Fed. Look up dual mandate: growth and employment. Mission accompliced, so to speak.

Mike on July 1, 2016 at 11:53

Can a POTUS pardon someone that’s not yet convicted? I really don’t know. Is it possible for a POTUS to pardon herself?

Or himself?

Is it possible to pardon for crimes not yet alleged or indicted?

Big G on July 1, 2016 at 11:16

‘Klinger’ from M.A.S.H. was just ahead of his time! He would have a tough time getting a section 8 in this military – he would be welcomed with open arms!

George Ure on July 2, 2016 at 05:31

No, mon frer, he’s already SecDef

John McVicker on July 1, 2016 at 10:48

“Can’t we all just get along?” Said Rodney King.

One aspect of border creation and border maintenance is the need for a government in each country/state/jurisdiction/tribe. How many people work in government? How many people SHOULD work in government?

if we didn’t have pencil drawings of “borders” on the world Rand McNally – we would have no borders at all. it is like fiat money – made up. We made up borders, setup governments within the pencil boundaries, go to war over boundaries and continue to grow nationalistic governments within each as a sort of “make work project” for the world.

If we had half the countries, we would have half the needs for federal governments in the lands created. There is one Chinese government and 1.4 Billion people. There is one Indian government and 1.3 Billion people. How do they do it where Europe has less people and dozens of governments? Why does the USA need 50 states? Couldn’t we just combine Rhode Island with CT and MA and create “Lower New England” and abolish two governments?

We need to figure this out because soon, we will all be working either for a government, a government-led health care system or a government-managed money system. And a bunch of hot-dog carts rolling around feeding everyone to keep it all going.

Someone needs to fix this planet. But I don’t see people wanting it fixed.

Oilman2 on July 2, 2016 at 09:26

There are myriad state bureaucrats, state approved contractors and all sorts of mid-level non-elected middle managers that produce nothing who would be without jobs. These ‘middlemen’ will not let go of the teat unless they are successfully threatened with something dire. Government itself is like virus – it fights for its own existence these days because it is so big and metastatic in nature.

And BTW – even here in Texas the counties have stepped in to regulate and inspect hot dog carts…

M.D.S. on July 1, 2016 at 10:29

If you support Texit and were it to happen, and you live in Texas, I hope you don’t mind having to get a visa to travel in the USA, and if you then decide to move to the USA – to go through official immigration and all that including ‘quotas’ which should then be applied . . .

Consequences – whether intended or not – can be ‘the fly in the ointment’. (I suspect that if Texas were to become ‘independent’, that the influence of Mexican culture in the area would become even more apparent, perhaps after a brief period of resistance. That is hardly what ‘true blue Texans’ would want.)

Oilman2 on July 2, 2016 at 09:30

I already have to get groped, inspected and reside in various “safe sets of data” to fly across the USA. It is less trouble for me to fly to Mexico, Colombia, Vietnam or Malaysia – so your consequence has already happened, irrespective of things.

Y, porque es la influenica de Mexico problema grande?

I’m just sayen… LOLOL

M.D.S. on July 3, 2016 at 04:42

LOL, yourself dip!

Did you see how the gov. of Texas wants British companies to relocate there?

Unlikely to happen . . . most Brits who could stand hot, miserable weather (and ‘suspect’ governments) moved to ‘the colonies’ decades ago . . . India, Singapore, Hong Kong, etc. More likely to relocate to Canada, Australia, or New Zealand i.e. the Commonwealth, which Great Britain is still a part of . . .